LPPD000425 (2) - Laserfiche WebLink

Home Browse Search

a59598181081at311:2IAB947 P8!4 AKENDMTDT 1 0' 2 R 11.00 D 0.00 N 0.00 Logan Counly CO RECEIVED AUG 1 22003 AMENDMENT No. 1 TO DEED OF TRUST 8%18do Water Conservation Board Date: July 3, 2003 Grantor (Borrower): Stieb Land Company, LLP Beneficiary (Lender): Colorado Water Conservation Board 1313 Sherman Street, Room 721 Denver, CO 80203 Date of Deed of Trust: May 1, 2003 Recording Date of Deed of Trust: May 13, 2003 County of Recording ("County"): Logan Deed of Trust Recording Information: 657936 B945 P992 (3 pages) Loan Contract: C150136, dated May 1, 2003 Promissory Note: $153,015,2.5%,20 Years, dated May 1, 2003 This Amendment to the Deed of Trust is between the Grantor and the Public Trustee of Logan County, State of Colorado. The Deed of Trust dated May 1, 2003, was recorded to secure repayment of the indebtedness evidenced by Loan Contract No. C150136 and Promissory Note dated May 1, 2003, between the Grantor and the Beneficiary. The legal description of the Collateral contained in said deed of trust was has been updated and corrected pursuant to an appraisal performed by Nienhuser Appraisal, dated June 3, 2003. Grantor and Beneficiary have agreed to amend the Deed of Trust dated May 1, 2003, to replace the legal description of the Collateral with the updated and corrected legal description from the June 3, 2003 appraisal. NOW THEREFORE, the CWCB and Grantor agree that: 1. Collateral is hereby described as follows: An undivided one hundred percent (100%) interest in and to the property located in Township 9 North Range 51 West of the Sixth Principal Meridian a 222.2 acre tract in the N1/2 Section 26 and the S1/2 Section 23, together with non-exclusive right of ingress and egress over and across a road easement in Section 13, SE1/4 Section 23 Township 9 North, Range 51 West of the Sixth Principal Meridian, Logan County, Colorado, together with all water, water rights appurtenant to the property for domestic, livestock, or irrigation use included but not . limited to a pro-rata interest in the water augmentation project under construction with the proceeds of this loan secured by this deed of trust and the coinciding applicable units of GASP. 2. In the event of any conflict, inconsistency, variance, or contradiction between the provisions of this amendment and any of the provisions of the original deed of trust, the provisions of this amendment shall in all respects supersede, govern, and control. Appendix 4 to Loan Contract C150136